| Table 22: Principal Interest Rates |
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(As on the last day of the month) |
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(Per
cent per annum) |
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Jun-99 |
Sep-99 |
Oct-99 |
Nov-99 |
Dec-99 |
Mar-00 |
Apr-00 |
May-00 |
Jun-00 |
Jul-00 |
Aug-00 |
Sep-00 |
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| I.
LENDING |
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| Bank of Mauritius |
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| Lombard Rate |
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14.00 |
13.00 |
13.00 |
13.00 |
11.50 |
11.50 |
11.50 |
12.00 |
| Bank Rate |
12.66 |
12.68 |
12.67 |
12.51 |
11.92 |
11.08 |
10.98 |
10.60 |
10.65 |
10.52 |
10.14 |
10.01 |
| Commercial Banks |
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| A: Prime Rate |
10.00-13.00 |
10.00-13.00 |
10.00-13.00 |
10.00-13.00 |
10.00-13.00 |
11.00-13.00 |
11.00-12.00 |
11.00-12.00 |
10.00-12.00 |
10.00-11.50 |
10.00-11.50 |
10.00-11.50 |
| B: Sectoral Rates |
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| (i)
Mauritius Sugar Syndicate |
12.00-13.50 |
12.00-13.50 |
12.00-13.50 |
12.00-13.50 |
12.00-13.50 |
11.00-13.50 |
11.00-12.50 |
11.00-12.50 |
9.50-12.50 |
9.50-13.00 |
9.50-12.00 |
9.50-12.00 |
| (ii)
Sugar Industry |
10.00-18.00 |
10.00-18.00 |
10.00-18.00 |
10.00-18.00 |
10.00-18.00 |
10.00-18.00 |
10.00-17.50 |
10.00-17.50 |
9.63-17.50 |
9.63-17.00 |
9.63-17.50 |
9.63-17.50 |
| (iii)
Other Agriculture |
11.25-19.50 |
11.25-19.50 |
11.25-18.50 |
11.25-18.50 |
11.25-18.50 |
11.25-18.50 |
11.25-18.50 |
11.25-18.50 |
10.00-18.50 |
10.00-18.25 |
10.00-18.50 |
10.00-18.50 |
| (iv)
EPZ |
10.00-20.00 |
10.00-20.00 |
10.00-20.00 |
10.00-20.00 |
10.00-18.50 |
10.00-18.50 |
10.00-18.50 |
10.00-18.50 |
10.00-18.50 |
10.00-19.50 |
10.00-17.00 |
10.00-18.00 |
| (v)
DC |
11.75-17.00 |
11.75-17.00 |
11.75-17.00 |
11.75-17.00 |
11.75-17.00 |
11.50-17.00 |
11.50-17.00 |
11.50-17.00 |
10.00-17.00 |
10.00-17.00 |
10.00-17.00 |
10.00-17.00 |
| (vi)
Small-scale Industries |
12.50-20.00 |
10.75-20.50 |
10.75-20.00 |
10.75-20.00 |
10.75-20.00 |
11.50-20.00 |
11.50-20.00 |
11.50-20.00 |
10.00-20.00 |
10.00-19.50 |
10.00-19.50 |
10.00-19.50 |
| (vii)
Transport |
11.00-19.50 |
11.00-19.50 |
11.00-19.50 |
11.00-19.50 |
11.00-19.50 |
11.00-19.50 |
11.00-19.50 |
11.00-19.50 |
11.00-19.50 |
11.00-19.50 |
11.00-19.50 |
11.00-19.50 |
| (viii)
Hotels |
12.50-18.50 |
12.50-18.50 |
12.50-18.50 |
12.50-18.50 |
12.50-18.50 |
11.50-18.00 |
11.50-18.00 |
11.50-18.00 |
11.00-18.00 |
10.00-19.50 |
10.00-18.00 |
10.75-18.00 |
| (ix)
Other Industries and Manufacturers |
10.75-20.50 |
10.75-19.50 |
10.75-19.50 |
10.75-19.50 |
10.75-19.50 |
10.75-19.50 |
10.75-19.50 |
10.75-19.50 |
10.00-19.50 |
10.00-19.50 |
10.00-19.00 |
10.00-19.00 |
| (x)
Statutory and Parastatal Bodies |
12.50-16.50 |
12.50-16.50 |
12.50-16.50 |
12.50-16.50 |
12.50-16.50 |
12.50-16.50 |
12.50-15.50 |
12.50-15.50 |
11.25-15.50 |
11.00-14.50 |
11.25-14.50 |
11.25-14.50 |
| (xi)
Housing |
12.00-20.50 |
12.00-20.50 |
12.00-20.50 |
12.00-20.50 |
12.00-20.50 |
11.50-19.50 |
11.50-20.50 |
11.50-20.50 |
10.00-20.50 |
10.00-20.00 |
10.00-20.00 |
10.00-20.00 |
| (xii)
Traders |
10.00-20.50 |
10.00-21.50 |
11.00-21.50 |
11.00-21.50 |
11.00-21.50 |
11.00-21.50 |
11.00-21.50 |
11.00-21.50 |
10.00-20.50 |
10.00-20.00 |
10.00-20.00 |
10.00-20.00 |
| (xiii)
Stock Brokers |
11.00-18.50 |
11.00-18.50 |
11.00-18.50 |
11.00-18.50 |
11.00-18.50 |
11.00-17.50 |
11.00-17.50 |
11.00-17.50 |
13.75-16.50 |
11.50-16.00 |
13.75-16.00 |
13.75-16.00 |
| (xiv)
Financial Institutions |
12.00-18.50 |
12.00-18.50 |
12.00-18.50 |
12.00-18.50 |
12.00-18.50 |
12.00-18.00 |
12.00-17.50 |
12.00-17.50 |
12.00-17.00 |
10.00-17.00 |
10.50-16.00 |
10.50-16.00 |
| (xv)
Personal and Professional |
10.00-24.00 |
10.00-24.00 |
10.00-24.00 |
10.00-24.00 |
10.00-24.00 |
10.00-24.00 |
10.00-24.00 |
10.00-24.00 |
10.00-20.50 |
10.00-20.00 |
10.00-20.00 |
10.00-22.00 |
| (xvi)
Other Customers |
10.00-20.50 |
10.00-20.50 |
10.00-20.50 |
10.00-20.50 |
10.00-20.50 |
10.00-20.50 |
10.00-20.50 |
10.00-20.50 |
10.00-20.50 |
10.00-20.00 |
10.00-20.00 |
10.00-20.00 |
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| II. DEPOSITS |
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| 1.
Savings |
9.00 |
9.00 |
9.00 |
9.00 |
9.00 |
8.00-9.00 |
8.00-8.50 |
8.00-8.50 |
6.50-8.50 |
6.50-7.00 |
6.50-7.00 |
6.50-7.00 |
| 2.
Seven Days' Notice |
8.25-10.00 |
8.25-10.00 |
8.25-10.00 |
8.25-10.00 |
8.25-10.00 |
7.25-10.00 |
7.25-9.00 |
7.25-9.00 |
5.75-9.25 |
6.50-8.25 |
6.50-8.25 |
6.50-8.25 |
| 3.
Fixed Deposits |
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| (i)
Up to 3 months |
9.00-11.50 |
9.00-11.50 |
9.00-11.50 |
9.00-11.50 |
9.00-11.50 |
8.00-11.25 |
8.00-10.00 |
8.00-9.87 |
6.50-9.87 |
6.50-8.75 |
6.50-8.25 |
6.50-8.25 |
| (ii)
Exceeding 3 and up to 6 months |
9.00-11.25 |
9.00-12.00 |
9.00-12.00 |
9.00-11.50 |
9.00-11.80 |
8.13-11.25 |
8.13-10.00 |
8.13-11.00 |
6.50-9.75 |
6.50-9.50 |
6.50-8.50 |
6.50-8.50 |
| (iii)
Exceeding 6 and up to 12 months |
9.00-12.00 |
9.00-12.00 |
9.00-12.00 |
9.00-12.00 |
9.00-12.00 |
8.25-12.00 |
8.25-10.75 |
8.25-10.75 |
6.88-10.75 |
6.75-10.13 |
6.75-9.50 |
6.75-9.75 |
| (iv)
Exceeding 12 and up to 18 months |
9.50-12.00 |
9.50-12.00 |
9.50-12.00 |
9.50-12.00 |
9.50-12.00 |
8.38-12.00 |
8.38-10.50 |
8.38-10.50 |
7.50-10.00 |
7.00-9.25 |
7.00-9.75 |
7.00-10.00 |
| (v)
Exceeding 18 and up to 24 months |
9.38-11.50 |
9.38-11.50 |
9.38-12.00 |
9.38-12.00 |
9.38-12.00 |
8.38-12.00 |
8.38-10.50 |
8.38-10.50 |
7.50-10.50 |
7.00-10.00 |
7.00-10.00 |
7.00-10.00 |
| (vi)
Exceeding 24 and up to 36 months |
9.63-12.00 |
9.63-12.00 |
9.63-12.50 |
9.63-12.50 |
9.63-12.50 |
8.38-12.50 |
8.38-11.00 |
8.38-11.00 |
8.00-11.00 |
7.12-9.50 |
7.12-11.00 |
7.12-11.00 |
| (vii)
Exceeding 36 and up to 48 months |
9.63-12.00 |
9.75-12.00 |
9.63-12.50 |
9.63-12.50 |
9.63-12.50 |
8.38-12.50 |
8.38-11.25 |
8.38-11.25 |
8.00-11.25 |
7.25-10.50 |
7.25-10.50 |
7.25-11.00 |
| (viii) Over 48 months |
9.75-11.25 |
9.75-11.25 |
9.75-11.25 |
9.75-11.25 |
9.75-11.25 |
9.75-11.75 |
8.75-10.00 |
8.75-10.00 |
8.75-10.00 |
9.00-9.50 |
9.00-11.00 |
9.00-11.00 |
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| Note: The Lombard Rate was raised from 11.5% to 12.0% on
29-Sep-00. Commercial Banks adjusted their lending and deposit rates as from
the beginning of
October 2000. |
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